Hewlett Packard Enterprises lays out $1 billion savings plan, pay cuts
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top...
U.S. meat inventories tightened as virus shut slaughterhouses: USDA
U.S. frozen pork inventories fell in April, when they typically rise, and beef inventories dropped more than normal as the coronavirus pandemic shut slaughterhouses and...
Judgment on key aspect of Huawei CFO’s extradition trial in Canada due next Wednesday
A decision on a key legal aspect of the trial over whether Huawei Technologies Chief Financial Officer Meng Wanzhou can be extradited to the United...
Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes
Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion by 2022 and said it would reduce the base...
‘I’ve not yet signed Renault loan’, says French finance minister
France’s Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope...
Wall Street finishes down as U.S.-China tensions heighten trade deal worries
Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade...
Nvidia forecasts second-quarter revenue above estimates
Nvidia Corp on Thursday forecast second-quarter revenue above analysts’ estimates, as demand surges for its chips used in data centers that power the shift to...
GM to restart part of its plant in Silao, Mexico, Thursday
General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico’s Guanajuato state on Thursday, according to a company message...
Brent at highest since March on U.S. stock draw, recovering demand
Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering...
U.S. senators urge Delta, JetBlue to backtrack on employee hour cuts
A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees’ hours, saying...